山大地纬：12月5日召开业绩说明会，投资者参与

Core Insights - The company emphasizes its commitment to "I + Blockchain" as a core driver for innovation and product competitiveness, focusing on AI, blockchain, big data, and privacy computing [1] - The company has developed a smart ecosystem centered around its self-developed large model, DareWen, which enhances various business sectors through intelligent applications [1][2] - The company reported a slight decline in revenue for the first three quarters of 2025, while net profit showed a modest increase [3] Group 1: Business Strategy and Innovation - The company is advancing its research in AI, blockchain, and big data, with a focus on lightweight large models and intelligent data space capabilities [1] - The application of AI spans multiple sectors, including social security, healthcare, electricity, and government services, creating a comprehensive digital governance system [1] - The trusted data space product facilitates data sharing and operational infrastructure, enhancing the data economy in cities and industries [1] Group 2: Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 326 million yuan, a year-on-year decrease of 0.89%, while net profit increased by 1.3% to 31.5 million yuan [3] - In Q3 2025, the company’s single-quarter revenue was 117 million yuan, down 3.2%, but net profit rose by 14.49% to 11.7 million yuan [3] - The company maintains a debt ratio of 15.3% and a gross profit margin of 51.24% [3]